Aussie and Kiwi fluctuate close to multi-year maximums

10:18 11.01.2018

On Thursday, the Australian and New Zealand dollars were fluctuating near multi-month maximums after the publication of firm Australian retail sales data and as the US currency was pressured by news that China might stop its American bond purchases.

The Australian Bureau of Statistics informed that in November retail sales soared by 1.2%, surpassing hopes for a jump of 0.4% and after a 0.5% ascend in October.

The currency pair NZD/USD was intact at 0.7198, which is off last session's four-month maximum of 0.7229.

The US currency weakened broadly reacting to reports that China could slow or even stop its American treasury purchases, with the US currency on track to report its biggest single-day sag versus the Japanese yen for seven weeks.

Assessing the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index stood still 92.17.

On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…